Foresight to rapid growth of Driver Assistance system market

Global Driver Assistance System Market Information, by Types (ACC, Night Vision, BSD, TPMS, LDW), by Technology (Ultrasonic sensor, Image sensor, Lidar sensor) - Forecast 2027

Market Synopsis of Driver Assistance System Market:
Market Scenario:
Globally the market for driver assistance system is increasing rapidly. The major factor that drives the growth of driver assistance system market is growing demand for new and improved technologies for providing safety features in automobile, increasing purchasing power of buyers, and government initiatives of mandating regulations over usage of driver assistance system into automobiles among others.
Globally the market for Driver Assistance system is expected to grow at the rate of about 22.90% from 2016 to 2027.

Global Driver Assistance System Market has been segmented:
• On the basis of types which include Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) system, Park Assist Drowsiness Monitoring System, Blind Spot Detection (BSD) System, Night Vision, Tire Pressure Monitoring System (TPMS), and Adaptive Front Lighting.
• Based on technologies the market is segmented into Ultrasonic sensors, Image sensors, Radar sensors, Lidar sensors, and IR sensors among others.
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Key Players
Some of the major players in global driver assistance system market include:
• Delphi Automotive Plc. (UK),
• Gentex Corporation (US),
• Autoliv Inc. (Sweden),
• Continental AG (Germany),
• Hitachi Ltd (Japan),
• Magna International (Canada),
• Robert Bosch Gmbh (Germany),
• Hella Kgaa Hueck & Co. (Germany),
• Texas Instruments Inc. (US),
• Renesas Electronics Corporation (Japan) among others.
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Target Audience:
• Research Organizations
• Automotive industries
• Investment firms
• Corporate
• Cloud service vendors
• Government Agencies
• OEMs

Objective of Driver Assistance System Market Study:
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global driver assistance system market.
• To provide insights about factors affecting the market growth.
• To analyze the driver assistance system market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

Key Finding:
• The global driver assistance system market is expected to reach $112.69 billion by 2027.
• Adaptive cruise control (ACC) has accounted for the largest market share registering 18.34% of market share in 2015.
• Regionally, Europe holds the largest market share 23.67% of global driver assistance system market and is expected to reach $45.16 billion by 2027 from $3.39 billion in 2015.
• Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 22.35% from 2016 to 2027
• On the basis of technologies, Ultrasonic Sensors is growing with a CAGR of 23.62% from 2016 to 2027.

Regional Analysis of Driver Assistance System Market:
Asia-pacific dominated the Global Driver Assistance System Market with the largest market share due to improving lifestyle and infrastructure in the regional countries, and therefore accounting for $2.51 billion and is expected to grow over $23.12 billion by 2027. Driver assistance system market in European market is expected to grow at CAGR of 23.67% from $ 4.36 billion in 2016 to $45.16 billion by 2027. The North-America market for Driver Assistance System Market is expected to grow at 22.81% CAGR (2016-2027).

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312

Contact Details

Company Name: Market Research Future
Issued By: Akash Anand
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
City: Pune
State: Mharashtra
Zip: 411028
Country: India
Website: Visit the website

Keywords : Driver Assistance System Market, Global Driver Assistance System Market, Driver Assistance System Industry, Driver Assistance System Market Size,

by Akash Anand (few years ago!)

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